EUR/USD Strongly BEARISH
We first Analyze the trend since March 2023.
BULLISH START: 17/03/2023 @1.06187 BULLISH END: 09/05/2023 @1.100247
BEARISH START: 17/05/2027 @1.08396 BEARISH END: 08/06/2023 @1.07655
BULLISH START: 27/06/2023 @1.09481 BEARISH END: 16/07/2023 @ 1.12295
BEARISH START: 27/07/2023 @1.09975 BEARISH END: __________________
The table displaying market trends located in the upper-right corner of the chart is volume-weighted. This indicates that the current market conditions are supporting only bearish price action, and this trend is likely to continue in the near future.
Assuming that everything unfolds as anticipated for the upcoming Fed chair speech scheduled for August 25th, we can expect a consistent bearish momentum to persist until the beginning of September.
BULLISH START: 17/03/2023 @1.06187 BULLISH END: 09/05/2023 @1.100247
BEARISH START: 17/05/2027 @1.08396 BEARISH END: 08/06/2023 @1.07655
BULLISH START: 27/06/2023 @1.09481 BEARISH END: 16/07/2023 @ 1.12295
BEARISH START: 27/07/2023 @1.09975 BEARISH END: __________________
The table displaying market trends located in the upper-right corner of the chart is volume-weighted. This indicates that the current market conditions are supporting only bearish price action, and this trend is likely to continue in the near future.
Assuming that everything unfolds as anticipated for the upcoming Fed chair speech scheduled for August 25th, we can expect a consistent bearish momentum to persist until the beginning of September.
İşlem kapandı: hedefe ulaştı
---------------------------------------------------------------------------BEARISH END: 1.07565
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The end of a bearish move stems from an early bear signal. It could also mark the start of a much deeper bear market or the start of a bull retracement.
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